Bankrupt socialite Patricia Kluge’s financial collapse has spread to Richmond.
Although more than half of the banks based in Richmond are in the red, many are on the cusp of profitability.
U.S. Treasury still owns tens of millions worth of shares in many local banks.
A Glen Allen insurance company just picked up an insurance subsidiary from a Hampton Roads bank.
About $1.7 million worth of building permits have been filed for Union First Market Bankshares’ corporate headquarters at Three James Center.
But Bank of America, which has the most market share of any bank in Richmond, didn’t fare so well.
Richmond’s biggest bank might soon try to raise a big pile of cash.
Richmond’s biggest bank officially opened seven new branches in the western part of Virginia Monday – all inside Martin’s grocery stores.
The bank, which hasn’t turned a profit since 2009, joins five of its regional peers.
Small businesses around the state borrowed $149.78 million worth of SBA loans from Oct. 1 through May 31.